Wellesley, MA (PRWEB) September 09, 2013
According to a new technical market research report, Cosmeceuticals: Products and Global Markets from BCC Research (http://www.bccresearch.com), the global market for topical and injectable cosmeceutical products was valued at $35 billion in 2012. BCC Research expects the market to reach nearly $45.6 billion by 2017, and register a compound annual growth rate (CAGR) of 5.4%.
A combination of cosmetics and pharmaceuticals, cosmeceuticals are toiletry products developed with active ingredients that promise to deliver drug-like benefits. The quest for ageless beauty and perfect skin are the key drivers for the cosmeceutical industry. Every year, millions of aging individuals try to recapture their youth by spending billions of dollars on skin care products that claim to prevent aging.
Many over-the-counter cosmetics contain some quantity of active ingredients that help minimize signs of aging skin and inflammatory flare-ups. Top-selling cosmeceutical products promise and deliver antiaging, skin rejuvenating, and enhanced skin appearance outcomes that create millions of loyal customers. Cosmeceuticals represent an ideal niche for the confluence of demographics, vanity, research, and creative marketing. Although there is currently no official recognition and definition of cosmeceuticals under the U.S. Food, Drug and Cosmetic Act, exceptional consumer demand has made cosmeceuticals the fastest-growing segment of the global cosmetic market.
The anticipated growth potential of the segment has caught the attention of pharmaceutical giants and has led to speedy research and development of active ingredients that are vital for the formulation of premium cosmeceuticals. The industry is also characterized by strategic product differentiation which allows manufacturers to sell across multiple demographic, regional, and global market segments.
This report from BCC Research provides a comprehensive examination of the dynamics of the global cosmeceutical market. A detailed list of commonly used active ingredients provides a background for the investigation of the categories of cosmeceutical products currently available and those that are likely to be introduced in the near future. Specifically, the report covers topical and injectable cosmeceuticals intended for use by adults. The structure of the industry, including key participants, distinctive regional players, marketing strategies and the complexities of the global regulatory landscape are also explored in this report.
In addition, this technical market analysis includes a review of recent sales, market drivers and drawbacks, patents and technological advances, and detailed projections of global and regional sales of cosmeceuticals through 2017. Profiles of major manufacturers of cosmeceuticals are also presented in the report.
This new report will be of value to companies already engaged in the cosmeceutical business and those seeking expansion opportunities. In addition, this study will be a valuable resource for anyone interested in understanding the fundamentals of cosmeceuticals manufacturing and marketing in the global arena.